India To Overhaul Merger Rules

Law360, New York (January 23, 2008, 12:00 AM EST) -- In an effort to better align itself with international antitrust standards, India is revamping its draft merger regulations to require companies to file notification papers before closing deals and to reduce the mandatory waiting period the country’s competition commission can use to evaluate any potential anti-competitive effects.

The changes come as part of India's new competition law, which is currently awaiting the green light from India’s president, Pratibha Patil, and is slated to go into effect this fall, one year after the country's parliament approved the...